LOUD plummeted 60% in one day, and has already dropped 10 times in total.
When it opened and fell to 12m, the small group was discussing it, and I was also considering whether to buy a little. After all, the hype is so high, and there are articles everywhere.
Fortunately, I checked the on-chain data in time and saw that there were no major players. The project party had distributed 90% of the chips (not sure if there were any insider trades in between).
After that night, what was once called "Little Sweet" has now been renamed "Mrs. Bull."
However, this project is still worth paying attention to.
At the bottom, there will definitely be a big washout, the major players will accumulate chips, and then wait for a big positive news, such as the launch of new product features, to pump it up.
So, I plan to buy slowly at the bottom. I hope the market makers can offer a good price.
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